1626 SE Alder St Portland, OR 97214
Seven-unit property in Portland's Buckman neighborhood with value-add potential.
Building Details
- Year built
- 1903
Source:
Tcnworldwide
Listing Agent: David Chatfield
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Portland Multifamily Investment Opportunity
This 7-unit multifamily property, constructed in 1903, features five 1-bedroom/1-bath units and two studio units. It is situated in the Buckman neighborhood of Southeast Portland, providing access to the Belmont retail corridor, the Hawthorne District, Central Eastside, and downtown Portland. The location offers walkability, bike access, and connectivity to employment and lifestyle hubs. There is a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. Additional income is generated from two rentable garages. Tenants also benefit from additional storage spaces. The property's location provides easy access to downtown, public transit, and bike routes. The property is located near popular dining, shopping, and entertainment districts on Belmont and Hawthorne. The property has historic character and architectural appeal. The submarket demonstrates strong rental demand with consistent occupancy and long-term appreciation potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6490382
- Latitude
- 45.5176765
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FAQs
What type of property is this?
Apartment building - Seven-unit property in Portland's Buckman neighborhood with value-add potential.
Where is this apartment building located?
The property is located at 1626 SE Alder St Portland, OR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: - Prime location in the highly desirable Buckman neighborhood of Southeast Portland, offering excellent walkability and bike access.; - Value-add opportunity through unit renovations and rent adjustments to increase income and property value.; - Strong rental demand and consistent occupancy due to the desirable location and easy access to employment and lifestyle hubs.
